Global Serviced Office Market Research Report: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Major players in the serviced office market are WeWork Companies, Servcorp, Regus, IWG Plc., Bizspace Ltd, Alley, Croissant, Davinci Virtual, and Green desk. The Global Serviced Office Market is expected to decline from USD 30.06 billion in 2019 to USD 27.95 billion in 2020 at a compound annual growth rate (CAGR) of -7.02%. The decline is mainly due to the COVID-19 outbreak and the measures to contain. Government across the world mandated work-from-home for most of the organizations, while some which cannot work from home are shut down temporarily. The market is then expected to recover and reach USD 57.58 billion in 2023 at CAGR of 27.24%. The serviced office market consists of offering of fully equipped office or office building, managed by the office provider and related services. Serviced office are provided with some services like dedicated receptionist, administrative support as well and facilities like conference rooms, meeting rooms, air conditioning and other utilities. A serviced office is a furnished and fully-equipped pay-as-you-use office space, located in a building managed by the office and services provider. Europe was the largest region in the serviced office market in 2019. Asia-Pacific expected to be the fastest growing regions in the forecast period. In January 2019, A Philippines based flexible offices space online marketplace fly space acquired quick space, for an undisclosed amount. Quick space is a Hong Kong based serviced office provider. The acquisition will help fly space to expand the operation and accelerate fly space growth in Hong Kong. The serviced office market covered in this report is segmented by offering into private offices, virtual offices, others. It is also segmented by vertical into IT and telecommunications, media and entertainment, retail and consumer goods and by space provider into big brands, independent. Lack of available space in some cities has always been a major challenge in the serviced office market. In recent years, availability of large conventional spaces in well-developed countries has been decreasing and land rate in desired locations is increasing due to which the service office provider firm is not able to afford to buy and supply the offices with the basic needs. Lack of large spaces can harm the serviced office market. The serviced offices are implementing the internet of things into their services. A smart serviced office same in most of the aspects as a serviced office except that smart serviced office is equipped with sensors, interactive devices, etc. For companies that are concerned about costs, the smart serviced office provides management services with the use of technology. For instance, an empty meeting room or a quiet area within the smart serviced office can be found easily using sensors. There are many advantages with IoT in the serviced office. Smart serviced offices offer several advantages such as improved time management, efficiency, reduced operational cost. Governments are increasingly supporting and funding start-ups and SMEs which is primarily contributing to the growth of serviced offices. The serviced office is a type of office which is supplied with each and everything needed for an office and it is offered on rent. Start-ups and SMEs will not have many funds, and time to build the office. Therefore, most of the firms move in Serviced offices or co-working spaces. According to the World Bank, there are 400-500 million SMEs, startups across the globe, the number is increasing day by day due to extensive support by the government. Increased Government support and funds for startups and SMEs boosted the demand for the serviced office market. For More Information, Click on the Link Below:- Global Serviced Office Market Related Reports:- Global Serviced Office Market 2019 by Company, Regions, Type and Application, Forecast to 2024 (COVID-19 Version) Global Serviced Office Market Status (2015-2019) and Forecast (2020-2025) by Region, Product Type & End-Use Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: Asia-Pacific Serviced Office Market, Australia Serviced Office Market, Bizspace Ltd Serviced Office Market Share, China Serviced Office Market, Covid-19 Impact Global Serviced Office Industry, Covid-19 Impact Global Serviced Office Market, Europe Serviced Office Market, Germany Serviced Office Market, Global Serviced Office Industry, Global Serviced Office Industry Research Report, Global Serviced Office Market, Global Serviced Office Market Analysis, Global Serviced Office Market Forecast, Global Serviced Office Market Future Outlook, Global Serviced Office Market Growth, Global Serviced Office Market Major Players, Global Serviced Office Market Overview, Global Serviced Office Market Research Report, Global Serviced Office Market Revenue, Global Serviced Office Market Share, Global Serviced Office Market Trends, India Serviced Office Market, IT and Telecommunications Market, Japan Serviced Office Market, Media and Entertainment Market, North America Serviced Office Market, Regus Serviced Office Market Revenue, Retail and consumer goods Market, Servcorp Serviced Office Market Share, Serviced Office Market, Serviced Office Market Competitive Landscape, Serviced Office Market Regional Analysis, Serviced Office Market Segmentation, Serviced Office Market Supply Chain, WeWork Companies Serviced Office Market Size